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Difference between scarcity and shortage?

There seems to be no difference between these words in modern times. Historically a scarcity referred to an amount that was restricted in quantity. A shortage was something that was less than the original required amount. Or less than the scarcity


What is difference between a shortage and scarcity?

These two words can mean the same thing.


What the difference between a shortage and scarcity?

These two words can mean the same thing.


What is the difference between an economic and physical trade Barrier?

A economic trade barrier has something to do with the price of goods for example a tariff, but on the other hand a physical trade barrier blocks something like an embargo or blockade.


What term is used to describe the difference between limited resources and wants and needs?

scarcity


What is the difference between scarcity and a shortage?

A shortage can be temporary or long-term, but scarcity always exists.


What is the difference between physical and political geography?

i think what you are trying to ask is, "What is the difference between physical and political maps." The difference between the two is that physical is terrain and political is location and cities.


Difference between physical and logical DFD?

difference between physical and logical data flow diagrams.


Non economic activities and its examples?

What is the difference between economic and non economic activities.?


What is the difference between an economic revolution and a political revolution?

the diifference between a political revolution and an economic revolution


What is the difference between comparative economics and comparative economic system?

The different between them is that the word economics and economic.


What are the Differences between economic history and history of economic thought?

the difference history of economic and history of economic thought